Kallanish

Some 34% of blast furnaces idled during the peak of the Covid-19 pandemic are being restarted, UBS bank says in a new steel and iron ore market analysis published last week. The trend is set to continue further.

The bank calculates 72 blast furnaces were idled globally in response to …

Last week ArcelorMittal continued to send mixed signals to the European market regarding the ongoing production recovery on the continent.

After announcing the restart of a blast furnace in Dunkirk, in northern France, the company also confirmed that other blast furnaces will be restarted during September in Fos-sur-Mer (south of …

China remained a net importer of steel in July by some margin. Although exports recovered from June, imports also increased with material from South and Southeast Asia leading the increases, especially Indian HRC, Kallanish notes.

China exported 4.176 million tonnes of steel in July, 12.76% higher than June but still …

Last week iron ore prices continued to move higher, especially during the first part of the week. Iron ore prices have been driven higher by a tight market for medium grade fines, but prices could be sustained by mills seeking to maintain output through the autumn.

On Wednesday, the Kallanish …